The market posted small gains, as Bitcoin tries to push past $4,100. The total market cap added nearly $500 Million in the last 24 hours. Bitcoin suffered a brief crash below $4,050, but a quick rebound followed it. Bulls are well set to gain control over the weekend to test the next resistance at $4,200. It is a mixed market today as some cryptocurrencies are flashing red. However, most of them have changed by less than 1%.
In other news, Ueli Maurer, the president of the Swiss Confederation has urged regulators to come up with fast and clear blockchain regulations. Maurer, who is also the country’s Minister of Finance made these remarks at the CV Crypto Valley Summit in Zug on Wednesday. Maurer assured that attendees that the Federal Department of Finance (FDF) is open to new technologies. He also invited blockchain and crypto firms to come up and help them with the regulations. Also, Justin Sun, the CEO of Tron Foundation has announced the successful acquisition of CoinPlay for an undisclosed amount.CoinPlay claims to be the first global blockchain app store. CoinPlay hosts a wide range of dApps that can be downloaded in one click.
1) SBI Holdings, a Ripple partner that works with cross-border payments-focused projects and recently announced its new MoneyTap firm, has revealed 13 new banks that it has brought on to work with MoneyTap. With this announcement, the Ripple ecosystem welcomes the Atago, Kiraboshi, Keiyo, San-in Joint, Shiga, Shimizu, Shinsei, Suminobu SBI Net, Suruga, Seven, Hiroshima, Fukui and Hokuriku banks. Of note, Seven Bank is the country’s largest convenience store ATM provider with over 25,000 ATMs already in operation including ATMs in the United States and Indonesia. (Read More)
2) The Hong Kong-based cryptocurrency exchange Gatecoin has announced that it has started its liquidation process. The exchange has struggled since May of 2016 when it announced a hack that saw the platform lose 185,000 ETH and 250 BTC, worth $2 million at the time and $26 million at current prices. Representatives from Hong Kong law firm Borrelli Walsh were appointed by the High Court of Hong Kong Special Administrative Region as Gatecoin’s official liquidators whose responsibilities include identifying, taking control of, securing and realizing the assets of Gatecoin and to carry out such investigations as the Liquidators may consider appropriate.” (Read More)
3) Jimmy Zhong, the co-founder of the IOST blockchain project, recently tweeted out the following message highlighting the adoption rate of the IOST ecosystem: “Monday 6pm Singapore time: >> $IOST wallets: 20,086. 75 hours later:>> $IOST wallets: 32,131 (+60%). Grew 12,045 wallets in 75 hours. That’s 160 new accounts per hour. #IOST will catch up with #ETH #EOS #TRX very soon. This is just 32 days post-mainnet.” With the continued launch of new dApps on the platform and the best staking rate of all major blockchain platforms, this is one trend that likely to continue to increase. IOST is currently trading at $0.008879. (Read More)
